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2023
Scientific electronic journal "Labor Economics and Human Capital", Special issue

Human Capital

THE IMPACT OF HEALTH AND EDUCATION EXPENDITURE ON ECONOMIC GROWTH IN CASE OF UZBEKISTAN

DOI 10.67668/LEHC/voliss/437 Google Scholar Search in Scholar Pages 151-163

Published 2023-10-19

Authors
Boltayev Abror Sayitmuradovich a , Otaboyev Yodgorbek Marim ugli b
Affiliations
a Head of the “Accounting and Audit” Department of the Fiscal Institute
b Senior lecturer of the Fiscal Institute “Accounting and Auditing” department
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Abstract

Uzbekistan is acknowledged as one of the fast-developing nations in terms of both social and economic scales among Central Asian countries for last five years. Thus, majority of politicians and scholars have claimed the role of education and health care growth in this progress and by taking into account those factors, this study aims to examine the impact of allocating budget on education and health care on economic growth of Uzbekistan since reaching independent. The ARDL bounds test has been employed to assess the relationship between selected variables and economic growth in both the short and long terms. In addition to this, except variables about the expenditure on education and health care, some other controlling variables are also included into the model. Based on the outcome of the test, expenditure on education has positive influence on economic growth while that of presented negative integration with economic growth in case of making an investment on health care in case of Uzbekistan under the focused model examination as presented in the further parts below.

Keywords

Uzbekistan, Expenditure on Education/Health care, ARDL, long run and short run

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